Money on the table during the Milan talks on climate change

Image credit: BBC

Climate ministers are holding final negotiations before a critical UN summit in Glasgow, with Greta Thunberg’s jeers echoing in their ears.

The Swedish campaigner said of politicians’ efforts to combat climate change: “30 years of blah, blah, blah,” the Swedish campaigner said of politicians’ efforts to combat climate change.

Despite the mocking, governments claim to be making progress on a number of subjects. The gathering will take place in Milan, Italy’s financial hub, till Saturday. Greta Thunberg slammed government leaders’ efforts at a young climate meeting earlier this week.

She was among 400 young people who travelled to Milan to draught a response to rising temperatures, which will be submitted to ministers on Thursday. Ms. Thunberg will also meet with Mario Draghi, the Italian Prime Minister.

Officials believe that, despite criticism of the slow pace of progress, things are starting to move forward on several fronts. China and the United States made commitments on coal and climate finance during the UN General Assembly last week, helping to enhance the chances for the forthcoming UN meeting, known as COP26.

Mr. Steiner is a senior UN official who has been a long-time watcher of the climate talks process.

While ministers will be hoping to make progress on cash and other unresolved issues during their negotiations here over the next few days, a new study shows that the 1.5C temperature barrier can be maintained at a reasonable cost over the next decade.

The Energy Transitions Commission, a group of professionals from the energy business, finance, and climate advocacy, released the study. They propose six activities that firms and countries could take to go beyond carbon reduction targets and prevent global warming to 1.5 degrees Celsius.

“The 1.5°C threshold is clearly technologically attainable at costs that the global economy can readily absorb,” Adair Turner, chair of the Energy Transitions Commission, stated.

“We have a general understanding of the categories of what is possible. We believe we’ve offered a solid quantification of what’s achievable. And, in addition to the country’s carbon-cutting targets, there are specific measures that could help us get there.”

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